13 results
- 5 Nov 2021
MTN, Airtel Secure Approvals to Operate Payment Service Banks
MTN Nigeria and Airtel Africa have secured approval in principle to operate a payment service bank (PSB). The telecommunications giants disclosed this in regulatory filings on the Nigerian Exchange…
- 19 May 2022
MoMo Payment Service Bank Formally Commences Operations
Following the final approval for a Payment Service Bank (PSB) licence granted by the Central Bank of Nigeria (CBN), MTN Nigeria’s fintech subsidiary, MoMo Payment Service Bank (MoMo PSB) Limited,…
- 5 Oct 2022
MoMo Bill Payment: What it is and why to use it
Payments are a necessity for both individuals and businesses. The need to make payments is perhaps the one thing all customers have in common. Daily, individuals and businesses pay utility bills such…
- 26 Jun 2022
MTN Alleges N22Bn Fraud on Mobile Money Banking
MTN Communications Limited’s newly licensed Mobile Money Payment Service Bank Limited (MOMO PSB) has alleged a fraudulent loss of N22 billion in one month of operations. In a suit instituted by the…
- 11 Apr 2022
MTN Nigeria Diversifies into Banking after CBN’s Final Approval for MoMo Bank
MTN Nigeria, has received final approval from Central Bank of Nigeria (CBN) to run a payment service bank, according to a regulatory filing by the operator on Monday. The approval gives the firm the…
- 5 May 2026
UBA, Redtech, MoMo PSB Expand Merchant Payment Access Across Nigeria
United Bank for Africa (UBA), Redtech, and MoMo PSB have launched a payment interoperability partnership that expands cardless payment access for consumers and merchants across Nigeria. Redtech is…
- 25 Apr 2022
MTN Nigeria Issues N127Bn Series 1 and 2 Commercial Paper
MTN Nigeria Communications Plc has announced the issuance of N127 billion Series 1 & 2 Commercial Paper under its registered N150 billion Commercial Paper Programme. In a notification Monday sent…
- 30 Sept 2025
MoMo PSB Celebrates Nigeria at 65 with Nationwide Free Transfers on Independence Day
As Nigeria marks 65 years of independence on October 1, MoMo Payment Service Bank, a subsidiary of MTN Nigeria, is celebrating the occasion by waiving transfer fees nationwide for 24 hours. From…
- 30 Apr 2026
Shareholders of MTN Nigeria Okay N152Bn Fintech Restructuring
Shareholders of MTN Nigeria have approved a major restructuring of the company’s digital financial services arm, clearing the way for a N152.06 billion transaction that will see the telecom giant…
- 21 May 2023
MoMo PSB to Invest in Financial Education, Mobile Financing, to Drive Financial Inclusion
Eli Hini, CEO of MoMo PSB, says that the mobile money operator will invest in financial education, mobile device financing and other financial solutions, to bridge the financial inclusion gap in…
- 22 Jul 2024
How Platforms and Payments are Driving Commerce in Africa
Is cash still king? Perhaps, but the acceptance and use of digital channels across Africa are rapidly increasing, experiencing their highest adoption rate in history. Currently, Africa is one of the…
- 26 May 2022
Nigeria's Aggressive Taxes is Cause of Bad Network – Report
Nigeria’s multiple and aggressive implementation of taxation on telecommunications companies is the cause of bad network quality, according to nairametrics.com This was disclosed in a report released…
- 6 Nov 2015
Sulaiman, Onuegbu, Others Make Board of Lagos Angel
Lagos Angel Network (LAN), a “not for profit” entity that was formally incorporated in May 2015, for the purpose of organizing individual Business Angels to collectively invest in the most…